Artificial Intelligence Robots Market Trends Analysis Research Report by Offering (Software, Machine Learning), By Robot Type (Service Robots, Industrial Robots), By Technology (Machine Learning, Computer Vision), By Deployment Mode (Cloud, On-premises), By Application (Law Enforcement, Road Patrol), By Geography (North America, U.S.) - Industry Forecast 2024-2030

5/5

( 15 votes )

Format :

Summary TOC Segmentation Methodology Infographics

Artificial Intelligence Robots Market Overview

Artificial Intelligence Robots is expected to grow rapidly at a 37.56% CAGR consequently, it will grow from its existing size of from $11.45 Billion in 2023 to $48.56 Billion by 2030.

The Artificial Intelligence (AI) Robots Market provides a wide and innovative array of products that reflect the cutting-edge of advances in the field of artificial intelligence. These robots have been meticulously created to replicate human-like cognitive functions by harnessing the capabilities in machine-learning algorithms as well as advanced neural networks.

In this space the range of offers spans various categories like industrial robots, service robots as well as cobots (cobots). Service robots, which are augmented to AI capabilities, can be found useful in fields such as hospitality, healthcare and customer service.

They are capable of providing assistance and carrying out tasks using an approach that is human-centric. Industrial robots, enhanced with AI can are able to bring about a paradigm change in the manufacturing process, enhancing effectiveness and precision.

One notable subset, called collaborative robots, work seamlessly with humans on shared spaces, demonstrating the synchronicity of AI and human interaction.

The AI-powered robots are distinguished by their adaptability, understanding capabilities, and ability to take decisions autonomously that mark a revolutionary period in the field of automation and robotics. The product overview highlights the many applications as well as the ground-breaking effect of AI in defining the capabilities of modern robotic systems.

Access Full 122 Pages PDF Report https://marketreportservice.com/request-sample/artificial-intelligence-robots-market-54795

Impact of COVID-19 on AI Robots Market:

The AI robots market has experienced substantial growth throughout the years. However, the recent outbreak from the COVID-19 pandemic has affected market demand for AI robots positive and negative, particularly in 2023 and the 2030 years.

The epidemic has forced businesses to implement remote working methods. Lockdowns in nearly all countries to stop covidiosis has affected the supply chain, and has slowed manufacturing, leading to delay in production. But, in the COVID-19 epidemic, AI robots have proved useful in certain areas of application including police and healthcare.

Artificial Intelligence Robots Market Dynamics

Growth Drivers

Driver: Increase in the need for industrial robots

The introduction of automation technology and the installation of robotics in industrial processes throughout production process has helped companies allow human workers to devote more time to other tasks that are demanding.

This has increased productivity, reduced the risk for employees who are involved in dangerous jobs and reduced operating costs overall. As the cost of labor increases the automation technology is an alternative option. Robots can complete repetitive tasks more efficiently and with greater consistency than human beings.

Restraint: Inadequate regulations to reduce risks with autonomous robots and networked systems.

With the advent of new technologies like cloud computing, robotics are becoming more networked. In this case, Ozobot & Evollve (US) provides Evo with a computer that comes with OzoChat software to allow worldwide communication with Evo robots.

The robots that are networked can be compromised, and their capabilities could be used in a negative way. In addition, the world's military and defense industry has begun to consider AI-powered robots as a crucial element of any fleet of military.

Opportunities: Concentrate on creating robots that have special applications that are functional and add value

AI-integrated robots are getting more popular due to the growing need for social robots to communicate with humans and provide assistance, for instance. Assistant robots are required to complete diverse tasks related to the security of your home, care for patients as well as companionship and elderly care.

Nowadays, companies are focused on creating robots that can accommodate everyone in the family and are able to perform the tasks mentioned above.

Challenge: Building AI that will aid robots to make better decisions and to make them human-safe

In the past robots have become smarter and more autonomous. However they're still not equipped with moral reasoning. The major obstacle in moral reasoning is that there is no universal standard that humans can adhere to.

Morality is a matter of culture that is constantly evolving and forever debated, constructing an ideal AI system is a major obstacle for those in the market of AI robots.

Artificial Intelligence Robots Market Segment Analysis

Artificial Intelligence (AI) Robots Market is subjected to a thorough segment analysis that sheds light on crucial factors and trends within different segments.

Service Robots: An essential segment of markets, this service robotics that are equipped with AI capabilities are able to serve a variety of industries like hospitality, healthcare and even customer care.

These machines, which are developed to mimic the human brain, have an essential function in providing assistance and carrying out tasks with a human-centric approach. Their uses range from assistance in healthcare to improving customer service in various sectors.

Industrial robots: A different category on the market is industrial robots with AI improvements. They revolutionize manufacturing processes, enhancing effectiveness and accuracy.

Utilizing machines learning and neural networks that are deep industrial robots create an era-changing shift in the production environment, providing greater productivity and flexibility in highly competitive manufacturing environments.

Collaboration Robots (Cobots): A important subset, cobots or collaborative robots illustrates the synergy that exists between AI and humans.

These robots collaborate with human beings in collaborative workspaces demonstrating flexibility, learning capabilities and the ability to take decisions autonomously. Cobots' collaborative nature increases safety and efficiency in areas where human-robot interaction is essential.

autonomous vehicles: Within the AI Robots Market increasing segment is dedicated autonomous vehicles. AI plays an important part in the creation of self-driving automobiles and other vehicles that are autonomous that allow them to see their surroundings, make instantaneous decisions, and make safe navigation.

This area is an intersection between AI as well as robotics bringing to advances in the field of automotive.

Competitive Landscape of the Artificial Intelligence Robots Market

ABB
AIBrain, Inc.
Alphabet
Argo AI, LLC
Blue Frog Robotics & Buddy - Emotional Robot
Brain Corporation
CloudMinds Technology Inc.
DataRobot, Inc.
Fanuc
Hanson Robotics Ltd.
Harman International Industries
IBM Corporation
Intel Corporation
International Business Machines Corporation
Kawasaki
Microsoft Corporation
Mitsubishi
Neurala, Inc.
NVIDIA Corporation
Omron
Promobot
SoftBank Corp.
UB Tech Robotics, Inc.
Veo Robotics, Inc.
Vicarious
Xilinx
Yaskawa

New Developments

25-4-2023 ABB’s AI-enabled Robotic Item Picker makes fulfilment faster and more efficient

ABB Robotics has enhanced its industry-leading logistics automation portfolio with the launch of the Robotic Item Picker – a new AI and vision-based solution that can accurately detect and pick items in unstructured environments in warehouses and fulfillment centres.

In January 2022, Brain Corporation entered into a partnership with Tennant Technology to launch Inventory Scan, a robotic solution to automatically scan in-store inventory details. These Inventory Scan robots, in integration with BrainOS-powered autonomous floor scrubbers, help capture and report key inventory data.

In February 2021, ABB launched new GoFa™ and SWIFTI™ cobot families, offering higher payloads and speeds, to complement YuMi® and Single Arm YuMi® in ABB’s cobot line-up. These cobots will accelerate the company’s expansion in high-growth segments, including electronics, healthcare, consumer goods, coordination and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.

In May 2020, Hanson Robotics and CereProc collaborated on an innovative AI project, Sophia. Sophia, using CereProc’s singing TTS system, is the first robot to sing a duet with a human on the Tonight Show, starring Jimmy Fallon. This collaborative AI project gives Sophia an enhanced AI-based synthetic voice, with the ability to deliver more dramatic and entertaining performances in real-time while also enabling her to express humor, suspense, excitement, and the odd cheeky remark.

Artificial Intelligence Robots Market Regional Insights

The regional geography that is the AI Robots Market provides valuable insight into the trends patterns, trends, and factors that are shaping the market across various regions.

North America: North America stands at the top in AI robots, fueled by a strong technological infrastructure and an incredibly high degree of innovation.

The region's investments in the research and development of its citizens, in conjunction with a flourishing industry sector, has led to the wide-ranging adoption of AI-powered robotics in a myriad of applications. The presence of major market players and an open business environment is also a major factor in the growth of the market.

Europe: Europe is a major proponent of high-end engineering and sustainable technology which is a major factor in the growing popularity of AI robots.

Countries such as Germany as well as those in the United Kingdom lead in the integration of these robots into the service and manufacturing sectors. The strict regulatory frameworks of the region and a focus on sustainability play a major part in shaping market's dynamic.

Asia-Pacific: The Asia-Pacific region is emerging as a vibrant region for AI robot development, driven by the rapid growth of urbanization, a expanding manufacturing sector and an innovative approach to technological advances.

Countries such as China along with Japan are on the cutting edge of adopting AI-powered robotics in manufacturing health, services, and manufacturing that are stimulating innovation and creating an ideal setting for expansion of markets.

Latin America: Latin America experiences a gradual but steady increase in the use of AI robots, especially as the development of infrastructure and technology-related awareness increase.

The rise in adoption is driven by the desire to improve efficiency and effectiveness across a variety of sectors. Although the market is still just beginning to take off in certain countries, there is growing awareness of the benefits that could be provided by AI-powered robotics solutions.

Middle East and Africa: The Middle East and Africa show a growing desire for AI robots, particularly when it comes to innovative smart city initiatives and infrastructure projects.

The governments of this region have been investing heavily in cutting-edge technologies, which is allowing the development of AI-powered robotics in industries like construction, healthcare and logistics.

Segments Covered in the Artificial Intelligence Robots Market

By Offering

Software
Machine Learning
Computer Vision
Context Recognition
Natural Language Processing (NLP)
Hardware
Services

By Robot Type

Service Robots
Industrial Robots
Others

By Technology

Machine Learning
Computer Vision
Context Awareness
Natural Language Processing

By Deployment Mode

Cloud
On-premises

By Application

Law Enforcement
Road Patrol
Riot Control
Military & Defense
Border Security

Frequently Asked Questions:

How big Artificial Intelligence Robots Market?

Artificial Intelligence Robots is expected to grow rapidly at a 37.56% CAGR consequently, it will grow from its existing size of from $11.45 Billion in 2023 to $48.56 Billion by 2030.

What's an Artificial Intelligence (AI) Robots Market and what is it that makes it different from conventional robots?

The AI Robots Market is the integration of artificial intelligence techniques in robotic systems, which allows them to mimic the human brain's functions.

In contrast to traditional robotics, AI-powered machines can adapt to change, learn, and take autonomous decisions, which is an important distinction from pre-programmed and rule-based robot systems.

In what sectors are AI-powered robots most commonly utilized?

AI-powered robots have applications across a range of industries. They are typically employed in manufacturing for greater effectiveness and precision.

Service robots that have AI capabilities are used in the fields of hospitality, healthcare along with customer support. In addition cobots (cobots) collaborate with human workers in common workspaces which enhances collaboration in fields like manufacturing and logistics.

Which are major technologies that are driving AI Robots Market growth?

Machine learning algorithms and deep neural networks are key technologies that drive growth in the AI Robots Market. These tools allow robots to gain knowledge from data, adjust to the changing environment and make educated choices.

Computer vision and natural language processing and sensor technology also enhance the capabilities of AI-powered robots.

Base Year:2023

Historical Data:2018-2022

No of Pages:122

Select Licence Type

Single User

US$ 2499

Multi User

US$ 3499

Corporate User

US$ 4999

Only one user can access the report. It cannot be printed or shared. Delivery in online PDF.

US $ 2499

Multiple users can access the report. It cannot be printed or shared. Delivery in online PDF.

US $ 3499

The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel. Free update of the report after 1 year.

US $ 4999

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Phone:

Toll Free:

Email: sales@marketreportservice.com

Select Licence Type

Need a Discount? Get in touch with us for special pricing

Connect with our sales team

Industry Verticals

Quick Links

Legal

Subscribe Us

Office Addresses